Amplify Insights: Financial Wellbeing
Amplify Insights: Financial Wellbeing is a call for coordinated action to address the individual (micro), organisational (meso), and societal (macro)-level factors in Australia that have created and continue to create financial hardship and vulnerability, or poor financial wellbeing.
The report shows that there are many factors that can influence an individual’s financial wellbeing which are outside of an individual’s control and as part of our research we present the example of 36-year-old Lin to illustrate the complexity of micro-, meso- and macro-level relationships.
We show how no single organisation or entity can effectively address financial wellbeing on its own. But, by genuinely understanding the systems that create financial hardship, we can identify where there are gaps in our responses and work together to develop levers of change, some big and some small, that different organisations and entities can action in a coordinated way.
The report also seeks to catalyse the social purpose sector towards a systems-approach to improving financial wellbeing that embraces complexity rather than trying to simplify it. There are some organisations that are already doing system change work and we will need to look to them for leadership and advice.
About the Amplify Insights reports
Amplify Insights are a series of in-depth reports into specific social issue areas, seeking to inform, engage, and create social impact by revealing key levers of change.
Insights reports are currently available on housing affordability and homelessness, financial wellbeing and education inequity.